Post on 05 July 2023

Fintech: fundraising halved in the first half of the year

The trend reversal in fintech is confirmed. According to data published by the Observatoire de la fintech, the amounts raised by financial start-ups in France were halved in the first half of the year, at €673 million, compared with €1.39 billion in the same period last year.

These figures are in line with the second half of 2022, with a scarcity of financing as a result of rising interest rates and greater caution on the part of investors, against a backdrop of economic slowdown.

Read the whole article.

Source: Les Echos.